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20120701
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by this scheme. >> reporter: is there any doubt in your mind that these banks hurt the city of baltimore? >> absolutely no doubt. we cannot stand by when we feel that we are being cheated. >> reporter: stephanie rawlings- blake, the mayor of baltimore, says the libor manipulation hurt america's cities at the worst possible time, the height of the recession. as the city balanced a budget deficit by closing fire stations, recreational centers, and schools, the mayor says the banks added to the deficit with artificially low interest rates that underpaid the city on investments. officials estimate the loss at up to several million dollars. given the deficit that you faced to begin with-- $65 million, $68 million-- are you saying the banks piled on? >> you're talking about $1 million or $2 million-- that, you know, that's a fire company, that's recreation centers, that's, you know, services that our city needs, and we're going to fight for that. >> reporter: in downtown baltimore, the head of the firefighters union, michael campbell, says the closing of some fire stations slowed down the resp
at safeway. ingredients for life. >>> this is wjz tv baltimore. >> from the city to the counties to your neighborhood. now in complete coverage it's wjz. maryland's news station. >> still coping. frustration grows for tens of thousands still without power. >> those deadly storms will be felt throughout the state for weeks and months to come. >> welcome to wjz special conch as a record storm st
consumers. the city of baltimore and the firefighters and police union of new britain, connecticut, have already filed a lawsuit against barclays and other internationalbacks claiming that a low libor cost them a return on their investments. bob diamond, the ex-c.e.o. of barclays is due to face some tough questions by british politicians tomorrow and his line of defense is going to be that at the time back in 2007 and 2008 a lot of banks were fixing interest rates and he's going to say that the deputy head of the british central bank actually called him up and gave him a tacit green light to go ahead, an exclusive allegation, scott. >> pelley: a lot more to come. liz, thanks very much. phony cancer drugs from overseas end up in u.s. clinics. a ruling in the case of a jetblue pilot charged with disrupting a flight. and just ahead of the fourth. the sun sets off some fireworks. when "cbs evening news" continues. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptom
Search Results 0 to 6 of about 7 (some duplicates have been removed)

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